Fort Worth daily gazette. (Fort Worth, Tex.) 1882-1891, 1887-02-04
ON WALL STREET.
The Political Complications In Europe
Have Depressing Influence on
the Stock Market.
Ihe aeherai List Closed Weak-rhe Final
Prices of Railway Bonds Show
Losses in Most Gases.
COMMERCIAL RESUME


NEW YORK, Feb. S.-Railwsy bonds
to-day sold as follows: Fort Worth and
Denver City at $50; Texas and Pacific
incomes at 6ld; Rios at 65s; Houston
and Texas Central rs al us; Galveston,
Harrisburg aud San Antonio rs at IO6;
Kansas and Texas IS a. 81; do IS at q7l;
Houston and Texas Central IS at 94.i
Sterling active.
Money at 3a u per cent.
Governments steady.
Wheat excited and strong.
Oil closed at 675
Cotton point lower
Coffee quiet.
GOVERNMENTS, STOCKS AND BONDS.
NEW YORK, Feb. 3-Goyernment
bonds dull and steady.
The political complications In Europe
and their depressing influence on the
msrh-ts there and especially on the Lon
don stock market, again became the most
important factor in. the course of prices
here. The early morning advices showed
feverish and depressed condition among
our securities upoa the London exchange
The contiient feeling tXis ing last even
ing had disappeared before the opening
of the board There was again pressure
to sell by foreign houses, and all of the
specialtieS in which London is Interested
were heavy sufferers. A. usual, the
room trader was on the side of the domi-
uant movement, and sales from both sides
of The account We're heavy. Although
there was no encouragement in the pro
gress OF negotiations looking toward the
settlement Of the labor difficulties the
adyices from Washington were fsvorably
received. Stocks were more freely sup
ported and az entire revul-
sion IN the temper OF specula-
tlon TOOK place. Tine only losses
were entirely recovered under the free
covering OF shorts, but the realizations
toward the close caused slight Gepres-
SION Al that time New England was the
most conspicuous stock on the list, and
the speclalties came next il order. The
list, however, wss comparatively
quiet. Tue opening was decidedly weak,
ihe oeClihes lIoHi Iast evenings maj hG-
ures beng from to SC, the latter in
Reading. \ steady depreciation took
place ana by ESQ material declines had
oeen established. Alter that time, h0W
ever, better feeling prevailed and by the
were at the highest for the day
aud considerably above the open
ng ngures. renewal OF the depression
occurred IN the last three quarters OF an
lour, and the market closed quiet ana
generally weak. The active list generally
shows decline, Louisville and Nashville
oelng down ., Texas and Pacific II. Nor
ok 6nd Western preferred Is.
RIllTnph M 10 FOL oati
'rlces closely followed the movement in
hare speculation, and the final prices
how losses in majority of cases.
RATE OF DISCOUNT REDUCED.
LONDON, Feb. ), 2:30 p. M.-The Bank
u England has reduced the rate OF dis
cunt from to per cent.
ON THE PARIS BoCRSE.
PARIS, Feb. 3 80 2. M-Three per
ent- rentes declined to-day, and are now
uoted st II francs, fall of l franc
. centimes from the closing quotations
i yesterday.
$50 T. M.-Three per cent. rentes have
0w fallen t. 76 francs so centimes. There
almost an entire suspension of opera
ions on the bourse.
$3.50 p M.-Three per cent rentes have
oW fallen to 20 francs 20 centlmes. This
ho"s net decline during the last year
1 francs 223 confines, francs 90 cen
ines OF this amount having been lost
uring the past two weeks.
CAUSE OF THE LONDON SCARE.
LONDON, Feb 3--fhere was intense
excitement on the Stock Exchange all the
fternoon, and at the close of the market
panicky feeling prevailed. The IN
avorable state OF the market was due
hiehy to reports Of heavy failures on the
arts bourse, and to rumor yet uncon-
rmed that large banking institution in
erlin had collapsed.